Feeds

Kids' Swapit Web money revived

Online currencies not entirely dead in water

  • alert
  • submit to reddit

Internet Security Threat Report 2014

While Beenz officially died yesterday, today, an online currency - the Swapit - has been revived. Webswappers bought its rival Web site SwapitShop from Granada Media for an undisclosed cash sum.

Granada Media shut the site down in June over money (what else?) and Webswappers was just one of several interested parties in SwapitShop apparently. When functioning, SwapitShop was getting 10 million page impressions a month. It also has 200,000 registered users - although they will all have to re-register before using their old accounts again.

The site is aimed at kids and basically consists of people swapping stuff in the age-old tradition of those too young to have been corrupted by capitalism. Swapits are used in lieu of money, making it easier for children to do deals.

Both the SwapitShop and Webswappers have had extensive media coverage and boast big name backers and partners. Webswappers is keeping the Swapit currency alive and will be extending it to its own site.

A note of the SwapitShop site says techies are working round the clock and it should be back up in a few weeks. ®

Related Link

SwapitShop.com

Choosing a cloud hosting partner with confidence

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.